- Bitcoin registers the highest price in more than a year
- Fundamentals are becoming more bullish
Bitcoin (BTC), the most popular and recognized virtual currency in the market is currently experiencing a very positive moment in the market.
The digital currency has reached the largest price in more than a year, after surpassing $9,200. At the same time, the virtual currency has registered its highest price in more than a year.
Bitcoin Surges In Price and Activity
The largest digital currency in the market continues to have very positive performance in 2019. During the last hours, the cryptocurrency surpassed $9,200 and seems to have the strength to surpass $9,300 as well. In this way, the market gets closer to the psychological level of $10,000.
At the same time, there are many other fundamentals that are growing and expanding as well. The number of active addresses surpassed 1 million a few days ago, the same level Bitcoin had during the bull market in 2017, when the price of the most popular cryptocurrency was above $20,000.
As the cryptocurrency analyst Alex Krüger shows, Bitcoin futures contract have a strong volume/open interest on the event of its contract expiry. The financial market analyst explained that Bitcoin is the second most heavily traded asset at the Chicago Mercantile Exchange (CME) in terms of volume / open interest ratio.
Bitcoin is the second most heavily traded asset at the CME when measured by the volume / open interest ratio. In other words, bitcoin is an asset very actively traded throughout the day. pic.twitter.com/FelDERZHMb
— Alex Krüger (@krugermacro) June 2, 2019
It is also worth mentioning that Bitcoin’s hash rate is also improving. In the last few hours, Bitcoin has reached a record hash rate of 62 million TH/s. This is an all-time high, after surpassing the 60 million TH/s registered in September 2018.
At the time of writing this article, Bitcoin is being traded around $9266 and it has a market capitalization of $164 billion. In the last 24 hours, bitcoin is the best performing asset among the top 32 digital currencies in the space.
Bitcoin’s price is $10,879.93 BTC/USD exchange rate today. The real-time BTC market cap of $201.17 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $77.7 Billion and live coin value change of BTC 1.18 in the last 24 hours.